Rferl on 22nd August reported that the former head of Ukraine’s energy regulator, Dmytro Vovk, is being placed on a wanted list for alleged involvement in a multimillion-dollar electricity price-fixing scheme.  Vovk’s lawyer said he is currently studying at Harvard University in the US, and Vovk has stated that he is in self-imposed exile.  He and 3 current or former regulators are suspected of colluding to allegedly manipulate prices on coal-generated electricity that forced consumers to overpay $747 million in 2016-2017.  The article also reports that for more than a year until December 2014, he was the national manager in Russia for Ukrainian chocolatier Roshen owned by ex-President Petro Poroshenko; and he was a vice president of the Kyiv-based Investment Capital Ukraine investment bank in 2009-2013.

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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